Production TheoryValue and Exchange
Private entrepreneurs have solved many environmental problems by finding ways to turn garbage into something people were willing to pay for.
Bureaucracy and Regulation
Bad ideas can spread more quickly than good ones, often because they sound so good until you spend some time thinking about them.
Not every neighborhood resident likes the trick-or-treat tradition of Halloween. But an answer can be found in a better adherence to property rights.
World HistoryOther Schools of Thought
Today would have been Ralph Raico's eighty-second birthday. He was a foremost historian of classical liberalism and a leading libertarian theorist.
Democratic socialists in America are trying to introduce their ideology as something new, when in fact, they are only retreading old-fashioned ideas that history has already disproven.